NIFTY PREDICTION 9 Dec. :- First of all spot nifty should sustain 5910, above that, the next target is 5920-5950 (crossover hurdle is also at 5950). if spot nifty able to cross 5950 then you can see 5980-6010-6040. 5880 is a strong support of nifty, breaking which spot nifty can go as such: 5850-5830, below 5830 a panic selling can bring nifty down to 5815-5785-5750. secondly now whatever you buy (including the above mentioned stocks), should buy on the basis of delivery and come out when you make profit in intraday. best strategy for all other stocks to buy in dips and sell in rise. keep an eye on "ruchisoya" - as the stock may bounce tomorrow and can reach up to 105 in intraday. now it is advisable that till end dec. 2010, you should not over trade and everything you should buy in small quantity and keep some money for averaging in case of drastic accidental fall.
Nifty Levels for 9 December
PIVOT SUPPORT 1 SUPPORT 2 RESISTANCE 1 RESISTANCE 2
5914 5868 5833 5950 5996
Disclaimer :- The usage of this blog confirms to the policy that the investment in stock market has inherent risks and author or his clients may or may not be following the recommended.The author will not be held responsible for any loss incurred by following the advice.
